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    Switzerland Economy - 1990

      Overview: Switzerland's economic success is matched in few, if any, other nations. Per capita output, general living standards, education and science, health care, and diet are unsurpassed in Europe. Inflation remains low because of sound government policy and harmonious labor-management relations. Unemployment is negligible, a marked contrast to the larger economies of Western Europe. This economic stability helps promote the important banking and tourist sectors. Since World War II, Switzerland's economy has adjusted smoothly to the great changes in output and trade patterns in Europe and presumably can adjust to the challenges of the 1990s, in particular, the further economic integration of Western Europe and the amazingly rapid changes in East European political/economic prospects.

      GDP: $119.5 billion, per capita $17,800; real growth rate 3.0% (1989 est.)

      Inflation rate (consumer prices): 2.8% (1989 est.)

      Unemployment rate: 0.5% (1989 est.)

      Budget: revenues $17.0 billion; expenditures $16.8 billion, including capital expenditures of $NA (1988)

      Exports: $51.2 billion (f.o.b., 1988); commodities--machinery and equipment, precision instruments, metal products, foodstuffs, textiles and clothing; partners--Europe 64% (EC 56%, other 8%), US 9%, Japan 4%

      Imports: $57.2 billion (c.i.f., 1988); commodities--agricultural products, machinery and transportation equipment, chemicals, textiles, construction materials; partners--Europe 79% (EC 72%, other 7%), US 5%

      External debt: $NA

      Industrial production: growth rate 7.0% (1988)

      Electricity: 17,710,000 kW capacity; 59,070 million kWh produced, 8,930 kWh per capita (1989)

      Industries: machinery, chemicals, watches, textiles, precision instruments

      Agriculture: dairy farming predominates; less than 50% self-sufficient; food shortages--fish, refined sugar, fats and oils (other than butter), grains, eggs, fruits, vegetables, meat

      Aid: donor--ODA and OOF commitments (1970-87), $2.5 billion

      Currency: Swiss franc, franken, or franco (plural--francs, franken, or franchi); 1 Swiss franc, franken, or franco (SwF) = 100 centimes, rappen, or centesimi

      Exchange rates: Swiss francs, franken, or franchi (SwF) per US$1--1.5150 (January 1990), 1.6359 (1989), 1.4633 (1988), 1.4912 (1987), 1.7989 (1986), 2.4571 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding Switzerland on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Switzerland Economy 1990 information contained here. All suggestions for corrections of any errors about Switzerland Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
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